The Hong Kong telecoms regulator has invited companies to participate in a February 2012 auction for spectrum in the 2.3GHz band.
According to a statement today, the Office of the Telecommunications Authority (OFTA) will release 90MHz of spectrum in the…
The Hong Kong telecoms regulator has invited companies to participate in a February 2012 auction for spectrum in the 2.3GHz band.
According to a statement today, the Office of the Telecommunications Authority (OFTA) will release 90MHz of spectrum in the 2.3GHz band in order to meet industry demand.
A spokesman said that the spectrum would be divided into three bands, each with a bandwidth of 30MHz.
The maximum amount that any one bidder or group of bidders can acquire is 30MHz.
Both incumbents and new entrants have been invited to participate. Licences will be valid for 15 years.
OFTA has set a reserve price of HK$150m (US$19m) for each of the frequency bands.
The regulator will accept bidding applications on the 9 and 10 January 2012. It has scheduled the auction itself for February 2012.
It added: “The successful bidders will be required to provide mobile services coverage to a minimum of 50% of the Hong Kong population, or fixed services coverage to at least 200 commercial and/or residential buildings within five years from the licence grant.”
